Skip to main content

beta This is a new service – your feedback will help us to improve it.

25% withdrawal from foreign based pension

tony steele
Posted Thu, 29 Feb 2024 23:16:29 GMT by tony steele
I have a foreign based company pension that I am allowed to withdraw 25% Will this be taxed if I am not a UK resident? I am returning to UK after start of 2024 tax year, and want to withdraw in advance of that. Will I be liable to tax once I am resident in UK?
HMRC Admin 5
Posted Mon, 04 Mar 2024 12:57:19 GMT by HMRC Admin 5
Hi

If you are not resident in the UK in the tax year that you withdraw your pension, it will not be taxable in the UK.  If you are resident in the UK, then it will depend on the tax treaty, if there is one, with the UK and the other country.  
The tax treaties can be found at Tax treaties.

Thank you

You must be signed in to post in this forum.